Odoo has made huge advances in Anglo Saxon accounting. However, functional gaps remain, especially for those subject to accounting standards such as the IFRS.    

In this talk, we will first outline the critical differences between Anglo Saxon and non-Anglo Saxon accounting and the reason the two exist. Next, we'll outline the current approach and why it is limited in certain contexts, particularly regarding modern supply relationships. We'll also uncover issues present in more traditional settings. Once the issues have been identified, we'll present some examples with solutions and mitigations.  

Only the most generally applicable issues will be covered. IAS2 gets special attention, as it is widely applicable and places a heavy burden on Information Systems to manage stock valuations, purchase pricing, rebates, discounts, and other deductions. 

This talk is targeted toward people with an interest in stock accounting in an Anglo Saxon, GAAP or IFRS setting. Attendees can expect to leave better informed on current issues and with tested solutions they can apply to their own or client environments.